Inno do not own the plantation land. By right, Inno should trade at a discount to the rest of plantation owners.

RM8 is not within reach.

Looking at the price action, some of you have been selling.

Targeted fuel subsidies may drive demand for affordable EVs, potentially increasing hybrid and EV adoption in Malaysia. Xpeng G6 to be launched in August.

I'm holding tight to my shares bought in 2021.

PE only 4x. Full year EPS 23.44 sen

This is my dividend staples. 13% yield based on cost price.

Melaka CM says Chinese star Fan Bingbing's appointment as tourism ambassador to draw international tourists

https://theedgemalaysia.com/node/714690

Good for KPPROP's hospitality business in Melaka.
• Swiss-Garden Hotel Melaka • The Shore Sky Tower
• The Shore Hotel & Residences • The Sky Deli Restaurant
• Mio Boutique Hotel

Monopolistic business is the best! RM15 at least.

It's not the first time Tan Sri Surin takes company private. Check back MWE, another asset rich company who own stakes in WCE.

Eight consecutive y-o-y quarterly profit growth. You are paying 3.6x PE and 0.6x P/BV for this gem.

My cost adjusted for dividends is 5.62 and never sold a single share.

Poh Kong's last quarter net current asset value RM1.57 per share. this is the very minimum target.

Market reacted well to the acquisition. TA price target of 1.71 is still conservative at 0.7x of BV only.

Poh Kong's inventories worth RM859 million, almost double its current market cap. And these were valued at much lower gold price!

Zetrix's blockchain commercial deployment has reached its inflection point. Its initial intergration into China and Phillipines custom services will open the gateway to more cross-border blockchain trade facilitation services.

Looking at the price action and insider buying, coming quarter will be explosive.

Since the divestment of its education businesses in 2018, Paramount has been on the look-out for opportunities to participate in new business interests for diversification of its earnings base, both locally and outside of Malaysia, all of which are within its 2020-2025 strategic plan. It has, since then, invested in several start-ups in the digital space and has expanded its property development activities overseas through a joint venture with a developer in Bangkok, Thailand.

The Acquisition presents a timely and strategic opportunity for Paramount to accelerate its overseas expansion and diversification plan. It enables Paramount to have control over a sizeable stake of 21.54% in a well-established international property development company which is governed within the Malaysian legal and regulatory landscape that is familiar to Paramount. Currently, this opportunity outweighs all other opportunities available to Paramount for overseas expansion after taking into consideration the complexities of a direct investment in foreign property development projects.

In addition, the Acquisition provides an opportunity for Paramount to explore potential
collaborations with EWI and its management team to create synergies by leveraging on the respective expertise and experience of both parties as property developers.

Interesting development. Paramount acquires 21.5% stake in Eco World International from Quek Leng Chan for RM170.61m, cash.

Hershey just announced their Q1 results. Sales up 8.9% while earnings up 3.7% y-o-y. Demand for chocolates remained resilient.

Orient's RNAV easily RM15-18

Gold intrinsically is a natural hedge against sticky inflation. Look at your typical breakfast menu (commodities market for coffee, cocoa and orange juice at all time high). Energy prices are at elevated levels (crude oil above 90 per barrel) supported by both supply and demand equations:
Supply side = rising geopolitical tension, disruption at russian refineries
Demand side = strong manufacturing data in China & US (latest PMI) indicates strong demand for industrial metals (hence, energy consumption)

Gold is best hedge against geopolitical risk (Israel-Iran, Russia-Ukraine, China-Phillipines, China-Taiwan, Venezuala-Guyana. etc)

US debt levels at all time high. Huge budget deficit + election year heightened uncertanties.

Massive buying of gold from Central Banks of China and Japan. Both countries have been net seller of USD treasuries and buyer of Gold.

Also, watch out the Global money supply. Money supply is increasing, higher risk of currency debasement. Hence, more demand for Gold as a hedge.

Congrats! As Buffett famously said, stock market is a device for transferring money from the impatient to the patient.

With cocoa beans prices at historically all time high and supply deficits anticipated to worsen until next year, many cocoa processing plants have stopped or reduced processing as they can't afford to buy beans at high premium or unable to secure supply. Cocoa market has turned into a SELLER'S MARKET.

GCB will gain pricing power in this seller's market. There was time lag in cost pass through. This financial year, expect to see higher combined ratio and margin expansion to more than offset higher finance costs. As mentioned previously, GCB inventories increased by 75% to RM2.8billion, sufficient supply for the year. This is unprecedented times indeed, and GCB is in good position to gain more footprint and expand their market share.

I would not be surprised, if they can double their earnings in FY2024.

As anticipated, Superlon results were good with both revenue and net profit increasing for 3 consecutive quarters in a row.

Q1 Revenue - 27860, NP - 2326
Q2 28974, 3694
Q3 30445, 3922

As typical to all Taiwanese owned companies, Superlon pays dividend every quarter. Strong dividend player backed by net cash and robust operating cash flows.

While climate change is an existential crisis, its good for Superlon business as heatwave will spur higher demand for air conditioners. their high-quality thermal insulation reduces the energy required to power air conditioner.

They are on track to hit RM100mil in revenue this year (RM87mil in 9M YTD). If not mistaken, they ranked fourth or fifth globally with exports more than 70 countries. Net beneficiary of strong USD.

GCB grinds beans and sell to end consumer (e.g. Hershey). Naturally, high cocoa bean prices will impact their grinding margin.

Unfortunately, cocoa prices may potentially to go higher due to combination of few factors:
1) 60% of cocoa beans came from west africa (Ghana, Ivory Coasts, Nigeria, Cameroon)
2) there has been very little planting in these countries for the last few years. The trees are very old and producing less and less. Also, old trees are sensitive to bad weather and disease. which currently impacting the production yield severely, due to bad weather and prevalent of disease. especially the disease/virus more widespread in Ghana and Ivory Coast.

Low planting also is a structural issue faced by agri farmers all over the world. Poor pay disincentives human labour to invest and involved in agriculture.
3) New regulation from EU on deforestation which means that beans that have been produced in new planted area cannot go into Europe.

Good news is, if you look at GCB balance sheet. Their inventories went up by 75% to RM2.8bil which means GCB had restocked significantly at much lower prices.

Last quarter, they did a record quarterly revenue of RM1.8bil. Highest ever revenue which means the business is growing and they were able to raise higher selling prices.

Let's look at the end consumer Hershey. In their latest 2024 outlook, the company still expects sales to grow 2-3% in 2024 which means demand still robust despite the higher prices.

End of day, weigh your own risk and reward and invest wisely. Cheers!

Fantastic yield on your investment. I have received 35 sen dividends to date. At my cost price of RM0.90, recouped 38% of capital from dividends.

As the world shifting towards generative AI....the demand for electricity will be explosive. Data centres will easily eat 5000MW of electricity consumption. No power. No AI.

Also, massive upgrade of transmission grid is needed to cater for green energy. Tenaga earns fees for usage of their transmission grid.

Best proxy to our country's energy transition agenda.

Just spotted inconsistencies within IEA's oil demand projections. Their Q1 oil demand was projected to increase to 1.7M bpd. While their 2024 oil demand was forecasted to rise by 1.3M bpd. These implied a fall in demand for the rest of the year. Seems unlikely given global economy remain resilient. US GDP estimated to grow by 2.3% in Q1.

MYEG now owned 16.08% stake in HeiTech Padu

Oil price stays above $85. good for upstream earnings. The IEA had just upgraded their view on oil outlook for 2024. Raising world oil demand to 1.3 million bpd in 2024 against supply deficit.

Dialog's terminals business remain resilient admist the Red Sea crisis. tank utilisation sustained at 90%-95% and monthly spot storage rates holding above the SG$6 per cubic meter (cbm) levels.

EPCC losses have narrowed significantly in the past two quarters, and management guided that all legacy EPCC contracts during COVID will be completed by Jun 2024F. After that, Dialog expects the EPCC division to either break even or be slightly profitable.

Sell Xpeng EVs much better than Peugeot.

No one interested in Superln? Coming result would be good.

Head i win, tail i don't lose much.

ROE increased to 5.7% in FY2023, from 4.2% in FY2022 and 2% in FY2021. With expected improvement in coming FY, ROE conservatively can achieve 6%. P/BV of 0.6x of historical BV of RM2.30 = RM1.38

Selling is harder than buying. As a guide, there are various metrics that you can use. Lets use PEG ratio. At current price 23.90, PE ratio = 23.90/1.71 =13.98x. 2023 EPS grew by 17.93%.

P/E-to-Growth (PEG) Ratio = 13.98/17.93 = 0.78. Its PEG remain below 1.0

To reach PEG of 1, the implied PE is 17.93x. Based on latest EPS of 1.71, share price = 1.71 x 17.93 = RM30.66

By next week, UP will reach the new milestone of reaching RM10 billion market cap category.

PE at 15x. Share price RM25

Congrats all shareholders. CPO is within hair breath from 4k now.

QL results SUPERB. Highest quarterly profit again!

Warren Buffett in its latest annual letter wrote about the lesson from Coke and American Express. "When you find a truly wonderful business, stick with it. Patience pays, and one wonderful business can offset the many mediocre decisions that are inevitable."

UP not only outperformed its peers, they even outperformed themselves with FFB average yield/ha increased by 1.50% and OER increased by 2.20%. Their superior operational performance mainly due to their prime age oil palm trees coupled with mechanisation effort as well as sterling plant breeding techniques (high-yielding seed, Clonal DxP).

They can return more cash to shareholders. They have abandoned their plan to expand Guocera tiles business. Looking at this, it's more likely they will dispose of this non core assets following recent disposals. Their annual operating cash flow amounts to at least RM500mil. This is enough to fund their entry into auto spare parts business.

At current price, the case of Shang assets (5 hotels and landbanks) are seriously undervalued even taking into account the worst scenario of full write down of its Myanmar associate.

Aberdeen ceased as substantial shareholders. That's good news.

Fundamentally, the worse is over. Their associate in Myanmar book value is about 200mil after years of impairment. Their land in Penang are all valued at decades old valuation. For example, the undeveloped land at Rasa Ria carried at only 21 sen psf. If revalued at 100psf, there are huge revaluation surplus. With the ongoing property boom in Penang, those undeveloped land is a gold mine, including 8 acre plot in prime area of Batu Ferringhi (book value recorded at RM27 psf).

Shang's fame lies it its strong brand luxury hotels and management. Shang KL (662 room, 5 star hotel) with book value per room of only RM288K. This is absurdly low figure compared to other luxury hotels which sold at RM1million per room.

The Penang hotels even more cheap. Rasa Sayang book value per room is RM315k, Golden Sands at only RM123k. Just take the book rate per night as benchmark and work out the market valuation for these hotels.

Shang is deeply undervalued, prime candidate for privatization. Trading at massive discount to its RNAV.

Their occupancy rates have been improving gradually ranging from 61% to 82%. With Q4 holiday season, expect the hotels to do very well. You can check google review to get a sense of their hotel bookings.

But this quarter was a real blow out.

I remember few years back, Lay Hong was traded at RM1

Touch macro conditions reflected in the results. A very bad quarter result, even worse than Q2 2020 when the whole global economy entered into lockdown.

Their 9 months free cash flow amounted to 14 sen per share. They have paid 3 sen dividend thus far. Hope for a more juicy dividend in Q4

They did 9 billion revenue last financial year. 2023 should end up mid of 9 bil and anticipate to break 10 billion in 2024. Their margins have been improving recently. Last quarter they earned about 7% profit margin. Very likely, we will see Q4 earnings being the highest on record.